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Based in Santa Monica, California, GoCoin provides an e-commerce checkout solution that enables global merchants to accept multiple digital currencies, including bitcoin, litecoin, and dogecoin. The payment platform guarantees that merchants receive the exact fiat value of their transactions while offering the flexibility of partial or full settlement in cryptocurrencies. Operating at scale, the company has processed over $125 million in cryptocurrency payments across four distinct blockchains, reaching corporate profitability within its first two years. To support this growth, GoCoin secured a $1.5 million Series A funding round led by Bitcoin Shop alongside prominent angel investor Owen Van Natta. Following his initial tenure, the company's former chief executive officer transitioned to serve as the Chief Revenue Officer at enterprise blockchain firm Bloq. GoCoin was founded in 2013 by Steve Beauregard and Brock Pierce.
GoCoin has raised $2.5M across 2 funding rounds.
GoCoin has raised $2.5M in total across 2 funding rounds.
GoCoin has raised $2.5M across 2 funding rounds. Most recently, it raised $2.0M Series A in March 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2014 | $2M Series A | Charles Allen, Michal Handerhan, Bitcoin Shop | Accel, Acequia Capital, Brainchild, General Atlantic, Prefix Capital, Peter Chernin, Adrian Aoun, Charlie Songhurst, Henry Kravis, Nicolas Berggruen, Andrew Frame, Dave Neumann, David A. Neuman, Owen VAN Natta, Blockchain Capital | Announced |
| Nov 1, 2013 | $550K Seed | — | Accel, Acequia Capital, Brainchild, Coral (coral Defi), General Atlantic, Prefix Capital, Peter Chernin, Adrian Aoun, Charlie Songhurst, Henry Kravis, Nicolas Berggruen, Andrew Frame, David A. Neuman, Gary Stiffelman, Jonathan Congdon, Owen VAN Natta, Ronnie WEE, BitAngels, Demarest Ventures, Mikael Pawlo, Ruvento, Stephens Investment Management | Announced |
GoCoin has raised $2.5M in total across 2 funding rounds.
GoCoin's investors include Charles Allen, Michal Handerhan, Accel, Acequia Capital, Brainchild, General Atlantic, Prefix Capital, Peter Chernin, Adrian Aoun, Charlie Songhurst, Henry Kravis, Nicolas Berggruen.
GoCoin is a blockchain payments platform that enables merchants to accept cryptocurrencies like Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, Dash, Ethereum, and EOS as payment methods alongside traditional options such as Visa or PayPal.[1][2][4] It serves eCommerce sites, online gaming platforms, retail, travel, luxury goods, software, hosting, and professional services, solving problems like high credit card fees, chargebacks, payment fraud, market volatility, and limited access for the 2/3 of the global population without credit cards by offering low 1% fees, instant settlements in fiat or crypto, and secure, privacy-focused transactions.[1][3][4] Founded in 2013 and based initially in Santa Monica, CA (later Isle of Man), it raised $2.04M, supports plugins for platforms like Shopify and WooCommerce, and was listed among top crypto payment gateways in 2018 with strong growth from blockchain adoption.[1][2][4][5]
GoCoin was founded in July 2013 by Steve Beauregard (CEO, eCommerce veteran), with key team members including Darren Rush (Virtual CTO, tech expert in distributed systems), Kevin Beauregard (VP Engineering, UX specialist), and co-founders Brock Pierce ("Father of Virtual Currency" with 16 years in crypto startups) and William Quigley (investor in consumer internet and enterprise tech).[2] The idea emerged amid Bitcoin's rise as "digital money sent like email," aiming to mainstream it for merchants facing credit card limitations; Beauregard sought to add crypto checkout options to boost sales by expanding payment choices.[3][5] Early traction came from targeting eCommerce and gaming, with plugins for seamless integration, positioning it as a PayPal alternative and achieving up to 10% of daily Bitcoin transactions by volume at its peak.[2][7]
GoCoin rides the wave of cryptocurrency mainstreaming and blockchain payments, capitalizing on trends like rising node counts, favorable regulations, Bitcoin ETFs, new coins, and e-RMB adoption since 2013.[1] Its timing aligned with Bitcoin's early growth, addressing eCommerce barriers for 2/3 of the world without cards and fueling crypto's entry into retail, gaming, and remittances amid Asia-Pacific's market dominance.[1][3] It influences the ecosystem by powering 10% of Bitcoin volume, enabling merchant adoption, and inspiring competitors like BitPay while advancing secure, low-fee digital commerce.[1][7]
GoCoin's longevity as a top gateway positions it for expansion amid maturing crypto infrastructure, with trends like ETF approvals, DeFi integrations, and global stablecoin/remittance growth likely boosting demand for its secure, multi-asset platform.[1][4] Next steps could include more fiat on-ramps, Web3 wallet ties, and AI-driven fraud tools to capture rising transaction volumes in a post-ETF era. As blockchain commerce scales, GoCoin could evolve from boutique processor to infrastructure layer, amplifying its early-mover edge in unlocking global eCommerce for crypto holders—echoing its founding mission to make digital money as simple as email.
